Director of Planning and Development David Corcoran said that the Economic Development Commission hired urban economics consulting firm Strategy 5 LLC to conduct an analysis of the town to explore the economic and fiscal impacts of additional multifamily housing after two multifamily projects were approved in recent years, the 83-unit College View Village behind Merrow Road and the 240-unit Fieldstone Ridge behind Big Y. The study found that Tolland businesses could expect to see between approximately $2.5 million and $5.8 million per year in expenditures from residents in new multifamily housing, with 15% of expenditure potential in the transportation sector and 50% in the food sector. It also found that the additional housing would make more construction jobs available, with wages between $47,000 to $62,000 per worker per year, based on the average construction wages in Connecticut from current data.
https://www.ctpost.com/journalinquirer/article/tolland-multifamily-housing-18185383.php#taboola-3